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Homebuyers tilt towards branded players despite slowdown in real estate mkt

According to PropEquity, 600 mn sq ft of projects at a pan-Indian level are stuck. This accounts for 50 per cent of the unsold inventory in terms of units

Homebuyers tilt towards branded players despite slowdown in real estate mkt
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Sohini Das
The residential real estate market may be going through tough times, but listed players saw an uptick in volumes in FY19, even as average realisations have been lower. Analysts said this was because most players focused on launching projects in affordable and mid-income segments. According to Liases Foras, in volume terms, while annual sales of flats have grown 1.3 times over 2009-18, the existing unsold units are up 3.3 times. According to PropEquity, 600 mn sq ft of projects at a pan-Indian level are stuck. This accounts for 50 per cent of the unsold inventory in terms of units. Analysts

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First Published: Jul 29 2019 | 9:31 PM IST

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